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"If that's the way you're getting your low unemployment rate, it's not particularly healthy. We do want jobs"
- Westpac (based on WSJ)Pair's Outlook
AUD/USD received a considerable bullish charge at 1.0194/73, the zone that is mainly reinforced by 100 day SMA, and has already overcome the nearest level at 1.0222, confirming potential to advance. Since no notable resistances are situated until 1.0318/40, the present rally may extend up to 200 day SMA, though is likely to be capped there.
Traders' Sentiment
After three weeks of bearishness, market sentiment is bullish for the fourth consecutive day. Amount of traders holding long positions increased by additional 4% since yesterday and currently is at 67% gauge. However, amount of pending sell orders remains above 50%. It decreased by 2% since yesterday (4% this week) and is at 54% mark.
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